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Venezuela - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVenezuela: Electric Rotary Converter Market 2024
Electric Rotary Converter Market Size in Venezuela
The Venezuelan electric rotary converter market fell sharply to $X in 2021, waning by -37.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a sharp shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.
Electric Rotary Converter Exports
Exports from Venezuela
In 2017, approx. X units of electric rotary converters were exported from Venezuela; almost unchanged from the year before. Over the period under review, exports faced a sharp contraction. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2017, the exports failed to regain momentum.
In value terms, electric rotary converter exports totaled $X in 2017. Overall, exports continue to indicate a significant decrease. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.
Exports by Country
Chile (X units) was the main destination for electric rotary converter exports from Venezuela, with a approx. 100% share of total exports.
From 2013 to 2017, the average annual rate of growth in terms of volume to Chile was relatively modest.
From 2013 to 2017, the average annual rate of growth in terms of value to Chile was relatively modest.
Export Prices by Country
The average electric rotary converter export price stood at $X per unit in 2017, almost unchanged from the previous year. In general, the export price showed a pronounced expansion. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9%. The export price peaked in 2017 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Chile.
From 2013 to 2017, the rate of growth in terms of prices for Chile amounted to 0.0% per year.
Electric Rotary Converter Imports
Imports into Venezuela
In 2021, the amount of electric rotary converters imported into Venezuela declined rapidly to X units, which is down by -41.7% on 2020 figures. Overall, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 312%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, electric rotary converter imports shrank dramatically to $X in 2021. In general, imports saw a significant contraction. The most prominent rate of growth was recorded in 2015 with an increase of 454% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
China (X units), Panama (X units) and Russia (X units) were the main suppliers of electric rotary converter imports to Venezuela. Moreover, electric rotary converter imports in China exceeded the figures recorded by the second-largest supplier, Panama, twofold.
From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of -4.4%), while purchases for the other leaders experienced a decline.
In value terms, Russia ($X) constituted the largest supplier of electric rotary converters to Venezuela, comprising 71% of total imports. The second position in the ranking was held by Panama ($X), with an 11% share of total imports. It was followed by China, with a 9.9% share.
From 2012 to 2021, the average annual growth rate of value from Russia totaled -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+5.5% per year) and China (-22.4% per year).
Import Prices by Country
In 2021, the average electric rotary converter import price amounted to $X per unit, growing by 27% against the previous year. In general, the import price posted a buoyant increase. The growth pace was the most rapid in 2017 when the average import price increased by 39% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the electric rotary converter market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27113270 - Rotary converters
Country coverage:
- Venezuela
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Venezuela
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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